Crypto market climb may be, but some investors do not believe (BMNR),
Talking with coindesktv, Lee explained why he called the rebound across the crypto and equities starting in April “V-shaped bounce with the most hate in history.,
This is because when the markets slipped after President Donald Trump’s tariff announcements at the beginning of the month, economists predicted a recession, and many investors clarified the risky assets. Rebound caught him from the guard.
“Since 2020, investors have underestimated every recovery,” he said. “This one is no different.”
Traditional finance is buying rapidly in crypto – continuously and quietly, Lee said. Etherium blockchain ether (Eth)He said, he is benefiting from the push in the token of Wall Street, selecting the network for its legal clarity and technical credibility. He said, “There was never a downtime in the atherium. It matters to banks.”
Lee’s company, Bitmine, is betting on it.
The company currently has assets of 625,000 ETHs and about 2.8 billion dollars, with virtually no debt. Lee also confirmed the $ 1 billion stock buyback, while confirming the company’s target to accumulate 5% of the ETH supply.
Bitcoin
Meanwhile, a recurring procurement is being made for institutional investors. Lee said he believes that a change in the Federal Reserve Policy – a step of rate cut in the coming months especially – BTC may increase to $ 250,000.
Lee Value Ath, currently priced at $ 3,700 at $ 15,000 based on network fundamental. He maintains that the real story is less than institutional adoption.
“We are not at the top,” he said. “We are just the middle-cycles.”
